Harvard Academics Reveal Blueprint For Avoiding Stock Crashes
Good news for everyone waiting for a bubble to burst. Predicting sectorwide crashes in the equity market isn’t impossible.
That’s the conclusion of Harvard University researchers who studied boom-and-bust cycles in publicly traded U.S. industries since 1926. In a new paper, Robin Greenwood, Andrei Shleifer and Yang You found that while not every violent advance in shares ends in horror, those that do…